# PPP loan: VERATECH SYSTEMS LLC
> **$203K** approved 04/08/2020 · Paid in Full · Loan `7904497006`
## Borrower
- **Name:** VERATECH SYSTEMS LLC
- **Address:** 3109 Kenai Dr Ste 109, CEDAR PARK, TX, 78613-2501
- **NAICS:** 541511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $204K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $47K
- **Utilities:** $4K
- **Jobs reported:** 11
## Lender
- **Originating:** First Texas Bank
- **Servicing:** First Texas Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*